A corporation has the following stockholders' equity accounts at the end of the current fiscal year,after the closing entries have been posted: Common Stock,$5 par,$2,000,000; Paid-In Capital in Excess of Par--Common Stock,$375,000; Retained Earnings,$1,285,000.The earnings for the current year,during which there were no unusual items,were $300,000.

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The Answer of A corporation has the following stockholders' equity accounts at the end of the current fiscal year,after the closing entries have been posted: Common Stock,$5 par,$2,000,000; Paid-In Capital in Excess of Par--Common Stock,$375,000; Retained Earnings,$1,285,000.The earnings for the current year,during which there were no unusual items,were $300,000.

A Corporation Has the Following Stockholders' Equity Accounts at the End